The technical patterns on long-dated treasuries suggest rising yields. What about fundamentals?
30-Year Long Bond Yield, Weekly Chart
10-Year Treasury Note Yield, Monthly Chart
10-Year Treasury Note Yield, Weekly Chart
Ascending Triangles
An ascending triangle is a bullish chart pattern that signals a potential breakout and continuation of an uptrend. It’s formed by a horizontal resistance line (connecting multiple highs) and a rising support line (connecting higher lows). The pattern suggests buyers are becoming increasingly strong, indicated by the higher lows, and may soon break through the resistance level.
Long-Term 10- and 30-Year Treasury Yields
Technically Speaking
These charts are very clear. And they are quite ominous for Treasury bulls.
Technicals don’t always play out according to expectations. So what do the fundamentals…
